Turnkey investment opportunity in the high growth I-35 corridor between Austin and San Antonio. This luxury duplex (built in 2016) is currently 100% occupied with great Tenants in place until Summer 2019. Professional property management is also in place at a very attractive rate of 5% of gross rents. Perfect for a 1031 exchange or if you’re looking to add a quality multifamily asset to your portfolio.
Two-story investment duplex in a recently constructed community in New Braunfels near the medical center. Offering granite countertops, wood tile flooring, large kitchen w/ plenty of cabinet space and nice-sized rooms and layout. Private outdoor space for entertaining outdoors. Close to downtown New Braunfels and right behind Medical Center and entertainment hub, including Buccee’s!
6 Bedrooms 4 Baths | Year Built: 2016 |
School District: Comal ISD | Size: 2743 SF |
Property Type: Duplex | Market: I-35 Corridor |
Price/SF: $ 138.53 | Rent/SF: $ 1.09 |
Asking Price | $390,000.00 |
Market Value | $390,000.00 |
Purchase Price | $380,000.00 |
Down Payment | $95,000.00 |
Initial Repairs | $0.00 |
Closing Costs | $5,700.00 |
Investment Capital | $100,700.00 |
Rent | $2,990.00 |
Vacancy | $0.00 |
Property Taxes | $626.23 |
Insurance | $75.00 |
HOA Fee | $50.00 |
Maintenance and Repairs | $119.60 |
Property Management | $149.50 |
Leasing Fee | $124.58 |
Landlord-Paid Utilities | $0.00 |
Total Operating Expenses | $1,144.92 |
Net Operating Income | $1,845.08 |
Mortgage Payment @ 5.25% – 25% Down | $1,573.78 |
Monthly Cashflow | $271.30 |
Principal Paydown | $334.12 |
Appreciation Return | $1,022.83 |
Annual Depreciation Deduction | $11,349.00 |
Total Monthly Return | $1,628.26 |
10-Year Annual Rate of Return | 12.43% |
Cash-on-Cash Rate of Return | 3.23% |
Note: For illustration purposes only. Investors are encouraged to do their due diligence and verify all information. Listed by Redfin |
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